| Sotheby's is a global art business. Co.'s operations are organized under two segments: Agency and Finance. The Agency segment accepts works of art on consignment and match sellers (also known as consignors) to buyers through the auction or private sale process and agency segment activities also include the sale of artworks that are principally acquired incidental to the auction process and the activities of RM Sotheby's, an equity investee that operates as an auction house for investment-quality automobiles. The Finance segment provides art-related financing activities by making loans that are secured by works of art. We show 38 historical shares outstanding datapoints in our BID shares outstanding history coverage, used to compute BID market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing BID market cap history over the course of time is important for investors
interested in comparing BID's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of BID versus a peer is one thing; comparing
BID market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like BID can fluctuate over the course of history.
With this page we aim to empower investors researching BID by allowing them to research the BID market cap history.